Redwood City considers rental units near Caltrain tracks

Redwood City's City Council is set on Monday to consider authorizing negotiations with the real estate firm Lowe Enterprises for a residential development next to the Caltrain tracks there, the Palo Alto Daily News reports.

A four-star hotel had earlier been envisioned for the site.

The property is next to a city-owned parking lot where Cupertino-based Hunter/Storm is set to develop two office towers.

Lowe Enterprises had earlier submitted a bid for a mixed-use development on both parcels, but lost out to Hunter/Storm's office proposal.